HDFC SIP Plans

HDFC SIP Plans offer a hassle-free approach to wealth creation. Whether you are planning for your future goals or seeking to build a robust investment portfolio, HDFC SIP Plans provide a simple and systematic way to grow your wealth over time.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 26.56% 26.54%
20.86%
View Plan
Virtue II PNB Metlife 24.33% 22.69%
18.63%
View Plan
Pure Equity Birla Sun Life 22.64% 18.83%
17.7%
View Plan
Growth Opportunities Plus Fund Bharti AXA 19.93% 18.63%
17.36%
View Plan
Pure Stock Fund Bajaj Allianz 19.11% 17.33%
17.09%
View Plan
Blue Chip Fund HDFC Standard 15.73% 14.59%
14.41%
View Plan
Growth Super Fund Max Life 16.34% 15.13%
14.21%
View Plan
Multi Cap Growth Fund ICICI Prudential 17.16% 13.44%
13.72%
View Plan
Equity Fund SBI 16.39% 14.54%
13.61%
View Plan
Equity II Fund Canara HSBC Oriental Bank 15.5% 12.24%
11.85%
View Plan

Updated as on February 2024

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  Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.80% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as on March 2024

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What is the HDFC SIP Plan?

HDFC SIP (Systematic Investment Plan) is an investment option offered by HDFC Life Insurance and HDFC Mutual Fund House that allows you to invest in your market-linked fund in a disciplined manner.

In HDFC SIP Plan, you regularly invest a fixed amount of money at specified intervals (like monthly or quarterly) into Unit Linked Insurance Plan (ULIP) funds and mutual fund schemes.

This approach helps you to systematically accumulate wealth over time by averaging the cost of your investments, as they buy more units when prices are lower and fewer units when prices are higher. It is a disciplined and convenient way for you to invest in ULIP funds and mutual fund schemes without the need for a large initial investment. 

Top HDFC SIP Plans in 2024

HDFC offers a wide range of SIP plans across different categories of ULIP funds and mutual funds.

  1. HDFC SIP Plans – ULIP Funds

    Some of the best SIP plans offered by ULIP-based funds are listed below:

    Fund Name Risk Category 3-Year Returns 5-Year Returns RSI*
    HDFC Discovery Fund Very High 23.2% 25.8% 24.4%
    HDFC Flexi Cap Fund Very High N.A. N.A. 30.7%
    HDFC Equity Advantage Fund Very High 17.4% 19.5% 19.2%
    HDFC Opportunities Fund Very High 18.4% 18.3% 14.1%
    HDFC Diversified Equity Fund Very High 14.2% 16.3% 14.2%
    HDFC Equity Plus Fund Very High 14.3% 15.4% 11.9%
    HDFC Blue Chip Fund High 13.6% 15.2% 11.2%
    HDFC Balanced Fund Moderate 10.2% 11.5% 9.8%
    HDFC Bond Fund Low 4.7% 6.1% 6.9%
  2. HDFC SIP Plans – Mutual Fund Schemes

    Fund Name Risk Category 3-Year Returns 5-Year Returns RSI*
    Equity Funds
    HDFC Infrastructure Fund Very High 36.00% 20.80% 13.30%
    HDFC Small Cap Fund Very High 31.40% 23.20% 20.90%
    HDFC Mid Cap Opportunities Fund Very High 29.00% 24.80% 21.90%
    Debt Funds
    HDFC Fixed Maturity Plan 1141 Days August 2018 Moderately High 9.50% -- 8.90%
    HDFC Dynamic Debt Fund Moderate 7.30% 7.20% 7.80%
    HDFC Credit Risk Debt Fund Moderately High 6.90% 8.10% 8.80%
    Hybrid Funds
    HDFC Balanced Advantage Fund Very High 23.50% 19.50% 16.40%
    HDFC Hybrid Equity Fund Very High 15.50% 15.40% 15.60%
    HDFC Multi Asset Fund High 15.50% 15.70% 11.90%
    Solution Oriented Funds
    HDFC Retirement Savings Fund Equity Plan Very High 25.70% 22.70% 21.80%
    HDFC Retirement Savings Fund Hybrid Equity Plan Very High 17.60% 17.30% 18.10%
    HDFC Retirement Savings Fund Hybrid Debt Plan Moderately High 9.70% 9.80% 10.10%
    Other Category Funds
    HDFC Dynamic PE Ratio FoF High 16.70% 15.40% 12.20%
    HDFC Index Fund Nifty 50 Plan Very High 14.80% 15.80% 13.60%
    HDFC Index S&P BSE Sensex Direct Plan Very High 13.80% 15.70% 13.70%

Details of HDFC SIP Plans – Top 5 ULIP Funds

  1. HDFC Discovery Fund

    The HDFC Discovery Fund is a Unit Linked Insurance Plan (ULIP) offered by HDFC Life Insurance Company. It is an equity-oriented fund that invests in a diversified basket of stocks across various sectors.

    Features of SIP in HDFC Discovery Fund:

    • Investment Objective: The Fund targets long-term capital growth by primarily investing in mid-cap companies. It can allocate up to 100% to mid-cap stocks as per the Nifty Midcap 100 index, with the flexibility to invest up to 25% outside this range. Additionally, it may allocate up to 10% to fixed income instruments, cash, and other liquid assets.

    • Launch Date: Sept 03, 2018

    • Asset Allocation (as of March 12 2024): Equity (91.34%) and Money Market (8.66%)

    • Benchmark Index: Nifty MidCap 100 Index 

    • Assets Under Management (AUM): ₹ 4.32 lakhs

    • Fund Managers: Mr Nishit Dholakia

    • Current NAV (as of January 31, 2024): ₹ 32.42

  2. HDFC Flexi Cap Fund

    The HDFC Flexi Cap Fund is an open-ended dynamic equity mutual fund scheme offered by HDFC Mutual Fund. It invests across large-cap, mid-cap, and small-cap stocks to build a diversified portfolio.

    Features of SIP in HDFC Flexi Cap Fund:

    • Investment Objective: To achieve high long-term returns by investing in stocks across large, mid, and small-cap segments.

    • Launch Date: Oct 26, 2023

    • Asset Allocation (as of March 12 2024): Equity (91.20%) and Money Market (8.80%)

    • Benchmark Index: NSE Nifty 50 Index 

    • Assets Under Management (AUM): ₹ 44,250

    • Fund Managers: Mr Priyank Singhal

    • Current NAV (as of January 31, 2024): ₹ 12.71

  3. HDFC Equity Advantage Fund

    The HDFC Equity Advantage Fund is a market-linked fund scheme offered by HDFC Life Insurance Company. This fund primarily invests in a diversified portfolio of equity and equity-related securities across various sectors and market capitalizations. 

    Features of SIP in HDFC Equity Advantage Fund:

    • Investment Objective: To achieve long-term capital growth by diversifying investments across companies of various market capitalizations. Up to 20% of the fund can be allocated to fixed income instruments, money market instruments, cash, deposits, and liquid mutual funds.

    • Launch Date: Feb 07, 2019

    • Asset Allocation (as of March 12 2024): Equity (98.43%) and Money Market (1.57%)

    • Benchmark Index: BSE-200 Index 

    • Assets Under Management (AUM): ₹ 67,753

    • Fund Managers: Mr Priyank Singhal

    • Current NAV (as of January 31, 2024): ₹ 23.81

    People also read: HDFC Life Midcap Momentum Fund

  4. HDFC Blue Chip Fund

    HDFC Blue Chip Fund is designed to provide you with the opportunity to invest in a diversified portfolio of large-cap equities, aiming for long-term capital appreciation. The fund typically invests in well-established companies with a strong track record of performance and stability, thereby potentially reducing the risk associated with investing in equities.

    Features of SIP in HDFC Blue Chip Fund:

    • Investment Objective: The fund aims for medium to long-term capital growth by investing mostly in large-cap companies resilient across economic cycles. It'll allocate at least 80% to companies with higher market cap than the least weighted in the BSE100 index, and up to 20% to money market instruments/cash..

    • Launch Date: January 05, 2010

    • Asset Allocation (as of March 12 2024): Equity (97.53%) and Money Market (2.47%)

    • Benchmark Index: BSE-100 Index 

    • Assets Under Management (AUM): ₹ 8.64 lakhs

    • Fund Managers: Mr Nishit Dholakia

    • Current NAV (as of January 31, 2024): ₹ 43.89

  5. HDFC Balanced Fund

    HDFC Life Balanced Fund is a Unit Linked Insurance Plan (ULIP) offered by HDFC Life Insurance Company. It is a balanced mutual fund that invests in a mix of equity and debt instruments. The asset allocation is typically 50-70% in equities and 30-50% in debt.

    Features of SIP in HDFC Balanced Fund:

    • Investment Objective: To merge the stability offered by debt instruments with the potential for long-term capital appreciation provided by equities through investments in both.

    • Launch Date: Sept 08, 2010

    • Asset Allocation (as of March 12 2024): Equity (61.54%), Debt (12.16%), G-Secs (25.31%), and Money Market (0.99%)

    • Benchmark Index: 60% BSE-100 40% CRISIL Composite Bond Fund Index 

    • Assets Under Management (AUM): ₹ 7.14 lakhs

    • Fund Managers: Mr Pranav Parekh & Mr Abhishek Agarwal

    • Current NAV (as of January 31, 2024): ₹ 207.48

Details of HDFC SIP Plans – Top 5 Mutual Fund Schemes

  1. HDFC Infrastructure Fund

    The HDFC Infrastructure Fund is a mutual fund scheme offered by HDFC Mutual Fund. It is an equity fund that invests predominantly in companies engaged in or expected to benefit from the growth and development of infrastructure. The fund manager actively manages the portfolio, investing in companies across market capitalizations.

    Features of SIP in HDFC Infrastructure Fund:

    • Investment Objective: To mostly put money into different types of stocks and investments from companies that work on building infrastructure like roads, bridges, and utilities. It might also use some of the money, but not more than 35%, to invest in companies that aren't focused on infrastructure. The plan can invest in both big and small companies, giving it flexibility.

    • Launch Date: Dec 10, 1999

    • Asset Allocation (as of March 12 2024): Equity (86.90%) and Money Market (10.50%)

    • Benchmark Index: S&P BSE India Infrastructure Index 

    • Assets Under Management (AUM): ₹ 1,607.18 Cr.

    • Fund Managers: Mr. Srinivasan Ramamurthy & Mr. Dhruv Muchhal

    • Current NAV (as of January 31, 2024): ₹ 45.06

  2. HDFC Dynamic Debt Fund

    HDFC Dynamic Debt Fund is an open-ended dynamic debt mutual fund scheme offered by HDFC Mutual Fund. It invests in a mix of debt instruments, money market instruments, and securities of Real Estate Investment Trusts (REITs).

    Features of SIP in HDFC Dynamic Debt Fund:

    • Investment Objective: To make money by investing in various debt and money market assets to generate income or increase capital value.

    • Launch Date: Dec 10, 1999

    • Asset Allocation (as of March 12 2024): Debt (94.60%) and Money Market (2.60%)

    • Benchmark Index: CRISIL Dynamic Bond B-III Index 

    • Assets Under Management (AUM): ₹ 659.40 Cr.

    • Fund Managers: Mr. Anil Bamboli & Mr. Dhruv Muchhal

    • Current NAV (as of January 31, 2024): ₹ 88.83

  3. HDFC Balanced Advantage Fund

    The HDFC Balanced Advantage Fund is a Dynamic Asset Allocation mutual fund scheme offered by HDFC Mutual Fund. It invests in a mix of equity and fixed-income securities, with the proportion between the two asset classes being dynamically managed by the fund manager based on their market outlook.

    Features of SIP in HDFC Balanced Advantage Fund:

    • Investment Objective: To grow your investment over time by combining stocks and bonds to generate capital gains or regular income.

    • Launch Date: Dec 10, 1999

    • Asset Allocation (as of March 12 2024): Equity (56.80%), Debt (26.40%), and Money Market (15.10%)

    • Benchmark Index: NIFTY 50 Hybrid Composite debt 50:50 Index 

    • Assets Under Management (AUM): ₹ 78,759.07 Cr.

    • Fund Managers: Mr. Anil Bamboli, Mr.  Gopal Agrawal, Mr. Arun Agarwal, Mr. Srinivasan Ramamurthy, Mr. Nirman Morakhia, & Mr. Dhruv Muchhal

    • Current NAV (as of January 31, 2024): ₹ 487.36

  4. HDFC Retirement Savings Fund Equity Plan

    The HDFC Retirement Savings Fund Equity Plan is a flexi-cap mutual fund scheme offered by HDFC Mutual Fund. It invests a minimum of 65% of its assets in equity stocks and the remaining in equity-oriented instruments. The fund aims to generate capital appreciation for investors over a long-term investment horizon.

    Features of SIP in HDFC Retirement Savings Fund Equity Fund:

    • Investment Objective: To help investors reach their retirement goals by investing in both stocks and bonds to achieve long-term growth and income.

    • Launch Date: Dec 10, 1999

    • Asset Allocation (as of March 12 2024): Equity (89.40%) and Money Market (9.60%)

    • Benchmark Index: NIFTY 500 Index 

    • Assets Under Management (AUM): ₹ 4,705.30 Cr.

    • Fund Managers: Mr. Shobhit Mehrotra, Mr. Srinivasan Ramamurthy, & Mr. Dhruv Muchhal

    • Current NAV (as of January 31, 2024): ₹ 48.81

  5. HDFC Dynamic PE Ratio FoF

    The HDFC Dynamic PE Ratio FoF is a Fund of Funds (FoF) mutual fund scheme offered by HDFC Mutual Fund. It invests in a basket of other equity mutual funds that are chosen based on their dynamic PE ratio. The PE ratio, or price-to-earnings ratio, is a valuation metric that compares a company's current stock price to its earnings per share (EPS).

    Features of SIP in HDFC Dynamic PE Ratio FoF:

    • Investment Objective: To grow capital by balancing investments between HDFC Mutual Fund's chosen equity and debt schemes.

    • Launch Date: Dec 10, 1999

    • Asset Allocation (as of March 12 2024): Debt (48.00%), Equity (30.20%) and Money Market (7.30%)

    • Benchmark Index: NIFTY 50 Hybrid Composite Debt 65:35 Index 

    • Assets Under Management (AUM): ₹ 42.80 Cr.

    • Fund Managers: Mr. Anil Bamboli & Mr. Srinivasan Ramamurthy

    • Current NAV (as of January 31, 2024): ₹ 39.36

Benefits of Investing in HDFC SIP Plans

The best SIP Plans offered by HDFC investment options provide various benefits, such as follows:

  • SIPs instill financial discipline by promoting regular investing.

  • They help average out investment costs over time, reducing the impact of market volatility.

  • SIPs offer flexibility, allowing investors to start with a low amount and adjust investments according to their financial situation.

  • They harness the power of compounding for long-term wealth accumulation.

  • HDFC SIP plans enable effective portfolio diversification across various asset classes and risk profiles.

  • HDFC SIP Calculator provides a handy online financial tool for you to estimate potential returns and plan your investment strategies effectively.

  • Experienced fund managers handle investments, potentially optimizing returns.

  • SIPs offer convenience through automated investing via ECS mandates.

  • Ideal for achieving long-term financial goals such as retirement planning or education funding.

  • HDFC SIP plans ensure transparency by providing regular updates on fund performance.

  • Depending on the investment type and duration, investors may enjoy tax benefits under applicable sections of the Income Tax Act.

Summing It Up

HDFC SIP plans offer a convenient and disciplined approach to investing in market-linked funds, allowing you to achieve your financial goals through regular and systematic contributions. With a diverse range of investment options and the flexibility to start with minimal amounts, HDFC SIP plans empower you to build wealth over time while mitigating market volatility.

Frequently Asked Questions

  • What are the benefits of investing in HDFC SIP Plans?

    There are several benefits:
    • Rupee-cost averaging: Helps you buy more units when the market is low and fewer units when it is high, potentially balancing the overall investment cost.

    • Disciplined investing: Encourages regular saving and avoids the need to time the market.

    • Start small: HDFC SIPs can be started with as low as Rs. 100, making them accessible to almost everyone.

    • Compounding: Regular investments grow over time with the power of compounding, maximizing returns.

  • Which HDFC SIP Plans can I invest through SIP?

    HDFC offers a wide variety of SIP plans across various equity, debt, hybrid, and sectoral market-linked schemes. You can choose the best SIP plan that aligns with your investment goals and risk tolerance.
  • What is the minimum investment amount for HDFC SIP Plan?

    HDFC allows you to start investing with as little as Rs. 100 per SIP, making it a great option for beginners or those on a budget.
  • Can I change the SIP amount or investment frequency later?

    Yes, most HDFC SIP plans offer the flexibility to modify your SIP amount or investment frequency after a certain initial period.
  • What are the tax implications of investing in HDFC SIP Plans?

    Dividends from equity-oriented SIPs held for over a year are taxed at 10% (Long Term Capital Gains), while debt SIPs are taxed as per your income tax slab.
  • What is HDFC SIP plan (Systematic Investment Plan)?

    HDFC bank mutual fund SIP Plan is a process through which the investors can invest a fixed amount per month on a particular date in the mutual fund scheme in order to create wealth and achieve long-term financial goals of life.
  • How to enroll in HDFC SIP plan Systematic Investment Plan?

    In order to enroll in the dream HDFC SIP plan, the first thing the investors need to do is to fulfill the KYC requirement. Along with the KYC the investor will have to submit important documents like address proof, identity proof, and a photograph.  The investors are also required to confirm his/her physical existence through In-Person Verification. The investors can create mutual fund SIP via mPowered trading group/mobile app.
  • When is the right time to start HDFC dream SIP or can SIP investment can be done when the market is high?

    One can start investing in mutual fund HDFC bank SIP plan at any given point of time and does not require to time the market. In HDFC bank SIP, the investors can buy fewer units of the mutual fund during the time when the market is high and when the market is low they can buy more number of units in the same amount. Thus, the investors do not require to wait for the right time to invest in HDFC SIP. It is suggested to use SIP calculator to get the estimate of SIP returns.
  • Does HDFC bank SIP investment has an upper limit?

    No, this is a misunderstanding that HDFC dream SIP can only be done by investing a small amount. One can start investing in HDFC bank SIP with a minimum of Rs.500 and can invest up to as much as the amount they want to invest. SIP investment does not include an upper limit. With the benefit of compounding one can accumulate more wealth and can earn higher returns on investment by making large investments.

+For Mutual Fund midcap category Returns https://www.morningstar.in/tools/mutual-fund-category-performance.aspx & for Insurance midcap fund category Returns- https://www.morningstar.in/tools/insurance-fund-category-performance.aspx
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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